JP Morgan Cazenove has downgraded Hargreaves Lansdown arguing its high price tag fails to reflect regulatory uncertainties, while Numis Securities has argued the retail platformer is a “structural growth story” with room for further earnings growth.
Nick Train has played down stretched price-to-earnings ratios on companies like Hargreaves Lansdown as he warns digital disruption could mean value investing is consigned to the last century.
Hargreaves Lansdown is one of four stocks that delivered double-digit returns in three portfolios managed by Nick Train, while co-founder Stephen Lansdown has also benefited from its soaring share price.
Several shareholders, including Nick Train, have intimated they will reject Unilever’s plans to move its headquarters to the Netherlands until they get answers from the consumer goods giant on why they should forfeit their plc shares.
Nick Train has told Finsbury Growth & Income investors double-digit falls in major holdings over the year to date provides places to deploy cash, which he expects to come in for bids on Fidessa and Dr Pepper.
Market volatility in Q1 failed to hit Hargreaves Lansdown assets under administration (AUA), which grew 3.1% over the first four months of the year.
Nick Train has said he will not be drawn into investing in oil majors despite the bumper returns they have delivered for his investment trust’s FTSE All Share benchmark.
Nick Train has argued he hasn’t missed out “on the transformative changes in technology”, despite owning few pure tech companies in his Lindsell Train Investment Trust.
Shares in British software firm Sage, owned by a slew of big shareholders including Terry Smith and Nick Train, have taken a major hit after the group missed its revenue growth target.
A stretched premium has seen Lindsell Train top investment trusts for performance in the first quarter, over a period when the listed closed-ended funds outperformed wider markets, according to a report from Stifel.
Nick Train says it is wrong to categorise his funds as bond proxies even as he defends the outlook for the interest-rate sensitive type of equities.
Academic publisher Pearson returned to profit in 2017 after posting a loss of nearly £2.5bn in 2016, its annual results showed today.
